Peoples Financial Services (NASDAQ:PFIS) PT Lowered to $43.00 at Hovde Group

Peoples Financial Services (NASDAQ:PFIS) had its price objective dropped by investment analysts at Hovde Group from $48.00 to $43.00 in a note issued to investors on Monday, Briefing.com reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Hovde Group’s price objective would suggest a potential upside of 8.59% from the company’s current price.

Peoples Financial Services Price Performance

PFIS stock opened at $39.60 on Monday. Peoples Financial Services has a 52-week low of $30.60 and a 52-week high of $49.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.92 and a current ratio of 0.92. The company has a fifty day moving average price of $39.52 and a 200-day moving average price of $42.39. The company has a market capitalization of $279.58 million, a P/E ratio of 12.15 and a beta of 0.48.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PFIS. BNP Paribas Financial Markets lifted its position in shares of Peoples Financial Services by 87.7% during the first quarter. BNP Paribas Financial Markets now owns 3,400 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 1,589 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Peoples Financial Services during the fourth quarter valued at about $355,000. Trexquant Investment LP bought a new position in shares of Peoples Financial Services during the fourth quarter valued at about $281,000. Eagle Wealth Strategies LLC bought a new stake in shares of Peoples Financial Services during the 4th quarter worth $1,394,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Peoples Financial Services by 7.7% in the 4th quarter. SG Americas Securities LLC now owns 3,739 shares of the financial services provider’s stock worth $182,000 after buying an additional 268 shares during the last quarter. 31.67% of the stock is currently owned by institutional investors and hedge funds.

Peoples Financial Services Company Profile

Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides various commercial and retail banking services. The company accepts money market, negotiable order of withdrawal, savings, individual retirement, demand deposit, and certificates of deposit accounts.